---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-094465"
form_type: "8-K"
ticker: "BNBX"
cik: "0000744452"
company_name: "BNB PLUS CORP."
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:29:52.287144+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Applied DNA Sciences raises $26.8M, appoints new CEO, adopts BNB treasury strategy

## Summary
- Raised approximately $26.8 million via private placement selling 4.73M shares and warrants at $3.82 per share.
- CEO Judith Murrah stepped down on Sept 29, 2025; Clay Shorrock appointed as new CEO effective same day.
- Entered strategic digital assets services agreement with Cypress LLC for discretionary management of BNB and other crypto.
- Engaged Cypress Management LLC as strategic advisor with $60,000 monthly fee and warrants for 9.5% of outstanding shares.
- Offered securities under Section 4(a)(2) and Rule 506(b) of Regulation D; securities are unregistered.

## SEC filing metadata
- accession: 0001104659-25-094465
- form_type: 8-K
- ticker: BNBX
- cik: 0000744452
- company_name: BNB PLUS CORP.
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744452/000110465925094465/0001104659-25-094465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744452/000110465925094465/tm2527342d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-094465
- JSON: https://secwatch.observer/filing/0001104659-25-094465.json
- Plain text: https://secwatch.observer/filing/0001104659-25-094465.txt

## Key facts
- Equity Issuances
  BNB PLUS CORP. issued 3,334,471 prefunded warrants of common stock to certain accredited investors for cash equivalents of crypto-currency (or trust units or interests that that hold crypto-currency).
  - Security: common stock
  - Shares: 3,334,471 prefunded warrants
  - Purchaser: certain accredited investors
  - Consideration: cash equivalents of crypto-currency (or trust units or interests that that hold crypto-currency)
  source text: 3,334,471 prefunded warrants (the “Cryptocurrency Prefunded Warrants”) to purchase shares of Common Stock at a per share exercise price of $3.82
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465925094465/0001104659-25-094465-index.htm
- Equity Issuances
  BNB PLUS CORP. issued 4,730,178 shares of Common Stock of warrant to certain accredited investors for per share exercise price of $3.82.
  - Security: warrant
  - Shares: 4,730,178 shares of Common Stock
  - Purchaser: certain accredited investors
  - Consideration: per share exercise price of $3.82
  source text: Series E Warrants (the “Common Warrants”) to purchase 4,730,178 shares of Common Stock at a per share exercise price of $3.82
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465925094465/0001104659-25-094465-index.htm
- Equity Issuances
  BNB PLUS CORP. issued 3,334,471 shares of Common Stock of warrant to certain accredited investors for per share exercise price of $3.82.
  - Security: warrant
  - Shares: 3,334,471 shares of Common Stock
  - Purchaser: certain accredited investors
  - Consideration: per share exercise price of $3.82
  source text: 3,334,471 common stock purchase warrants (the “Cryptocurrency Common Warrants”) at a per share exercise price of $3.82
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465925094465/0001104659-25-094465-index.htm
- Equity Issuances
  BNB PLUS CORP. issued 4,730,178 shares of common stock to certain accredited investors for U.S. dollars or the cryptocurrency stablecoin issued by Circle Internet Group, Inc. commonly referred to as "USDC".
  - Security: common stock
  - Shares: 4,730,178 shares
  - Purchaser: certain accredited investors
  - Consideration: U.S. dollars or the cryptocurrency stablecoin issued by Circle Internet Group, Inc. commonly referred to as "USDC"
  source text: the Company agreed to sell and issue to the Cash Purchasers in a private placement offering (the “Cash Offering”) an aggregate of 4,730,178 shares (the “Shares”) of common stock of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/744452/000110465925094465/0001104659-25-094465-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.